EUR/USD has retaken the 1.39-handle after a dip as low as 1.3864 late this morning. Minor resistance lies in the 1.3910/15 area while the 38.2% retracement of the drop from 1.4012 overnight highs comes in at 1.3920.

Asset markets are off their worst levels of the session with the S&P maintaining gains of about 0.5%. Oil is not far from session highs, now at $83.60.